Arthur Hayes Predicts Bitcoin Boom Amid Middle East Tensions and Inflation

October 18, 2024 Bitcoin.com

Former Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC’s value surging in fiat terms, with newly printed dollars flooding the market. But while bitcoin’s future looks bright, Hayes warns investors […]

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Robert Kiyosaki Warns of World War III Amid Global Tensions — Asks ‘Are You Prepared?’

October 6, 2024 Bitcoin.com

Biden

Robert Kiyosaki, author of Rich Dad Poor Dad, has expressed concerns about World War III, warning that current global tensions could lead to catastrophic consequences. He emphasized the need for stronger leadership. This echoes past warnings from him about geopolitical threats and energy-driven conflicts. Kiyosaki Warns of World War III Amid Rising Global Tensions The […]

Oh Whale Launches Presale – A New Era of Blockchain-Driven Ocean Conservation

Bitcoin decentralization is a matter of national security — Auradine CEO

October 4, 2024 Coin Telegraph

ASIC

According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024.

Maximizing Bitcoin (BTC) decentralization throughout the entirety of the stack is a matter of national security, Rajiv Khemani, co-founder and CEO of mining chip manufacturer Auradine, told Cointelegraph.

The CEO explained that third-party firmware — which updates and changes over time — could theoretically be used to compromise the energy grid or launch a 51% attack on the Bitcoin network.

Auradine’s CEO outlined a potential situation where malicious code embedded within this firmware could shut down mining operations within a certain geography. This could cause a drop in hashrate and network difficulty, making a 51% attack easier to execute.

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“It’s going to take AI to catch the darker side of AI” — Nvidia CEO

September 30, 2024 Coin Telegraph

Nvidia CEO Jensen Huang thinks that only AI will have the speed to fight AI-produced fake information.

Nvidia CEO Jensen Huang says there may only be one way to effectively combat the more nefarious uses of artificial intelligence — with more artificial intelligence.

“It’s going to take AI to catch the darker side of AI,” Huang said at a Sept. 27 event at the Washington, DC think tank the Bipartisan Policy Center.

“The reason for that is pretty clear: AI is going to be producing fake data and false information at very high speeds,” he added. “So it’ll take somebody with very high speeds to detect that and to shut it down.”

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BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

September 26, 2024 Bitcoin.com

bitcoin.com

BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan summit. He highlighted Saudi Arabia’s potential shift towards the petroyuan and Russia’s plans to reduce dollar reliance. However, […]

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JPMorgan CEO Jamie Dimon Cautions Against Market Optimism — ‘Geopolitics Is Getting Worse’

September 25, 2024 Bitcoin.com

bitcoin.com

JPMorgan CEO Jamie Dimon has issued a serious warning about escalating geopolitical risks, stating that they pose greater threats to global stability than current economic challenges. His remarks come in light of rising tensions, including attacks on oil tankers and the ongoing Ukraine-Russia war. Dimon cautioned against over-optimism about the U.S. economy, advising a more […]

Oh Whale Launches Presale – A New Era of Blockchain-Driven Ocean Conservation

Three-Mile Island nuclear site reopening to power AI

September 21, 2024 Coin Telegraph

The site was ground zero for a partial nuclear meltdown in 1979, which affected a separate unit and caused nearby areas to evacuate.

Microsoft has signed a deal with the Constellation Energy Corporation — the owner of the Three-Mile Island nuclear site — to reopen the Pennsylvania facility and provide the tech company with clean energy for its artificial intelligence operations.

The 20-year deal between Microsoft and Constellation will see the restoration of the Three-Mile Island Unit 1 reactor to host the "Crane Clean Energy Center" as part of the tech giant's commitment to powering its artificial intelligence business through carbon-free power.

As part of the agreement, Constellation Energy will supply 835 megawatts of power to Microsoft and spend approximately $1.6 billion to bring the facility online — a goal the energy provider hopes to accomplish by 2028.

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Elon Musk Offers to Assist Donald Trump Boost Government Efficiency

August 13, 2024 Bitcoin.com

bitcoin.com

Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as “the greatest cutter” and suggesting he would be a great leader for such a commission. Trump and […]

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The USA can (and should) dedicate more energy to Bitcoin mining

August 2, 2024 Coin Telegraph

Bitcoin

Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.

Depending on who you listen to, crypto is a blessing or a curse. Many, like Texas Lieutenant Governor Dan Patrick, have convinced themselves our near future will be marked by a massive growth in energy demand to support Bitcoin (BTC) mining that may ultimately break the electrical grid. On the other hand, former President Donald Trump has gone from skeptic to calling on the United States to become the “crypto capital of the planet.”

And is he worried about what that means for energy in America? Nope. Here’s what he had to say:

And Trump is right. In fact, the United States can — and should — put more energy into Bitcoin mining.

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Senator Cynthia Lummis releases report attacking Biden’s mining tax

July 23, 2024 Coin Telegraph

Bitcoin mining

The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.

On July 23, Senator Cynthia Lummis released a report arguing against the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners.

The report, titled Powering Down Progress: Why A Bitcoin Mining Tax Hurts America, put the Bitcoin (BTC) mining industry into sharper focus, highlighting the benefits of the critical mining infrastructure to the United States' energy grid.

Lummis cited the Bitcoin Energy and Emissions Sustainability Tracker as evidence that Bitcoin mining is cleaner than is commonly imagined, noting that up to 52.6% of BTC mining might be emissions-free.

Energy

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